212-660-7717
2260-2268 Broadway, New York, NY for Sale
Retail CONDO - FOR SALE
1/9
null | Request Cap Rate

2260-2268 Broadway
New York, NY 10024
Upper West Side


HIGHLIGHTS

  • Investment-Grade Credit
  • 8.6 Years of Weighted Average Lease Term
  • Grandfathered Bank Frontage
  • Contractual Rent Growth

OVERVIEW

CBRE is pleased to offer for sale the 100% fee simple interest in 2260-2268 Broadway (the “Property”), four fully leased retail condominium units at the base of 219 West 81st Street, a 12-story prewar building on the northeast corner of Broadway and West 81st Street on the Upper West Side. The Property comprises approximately 7,954 square feet of ground-floor retail with ~103 feet of frontage on Broadway, along with approximately 359 square feet of mezzanine and 3,501 square feet of below-grade space per the condominium declaration. The Property is leased to three tenants: Bank of America, Cedra Pharmacy, and Dunkin’. The rent roll carries a weighted average remaining lease term of approximately 8.6 years, with no expirations before 2031. Bank of America, N.A. carries credit ratings of Aa2 (Moody’s), A+ (S&P), and AA (Fitch), providing investment-grade income across the majority of the Property’s ground floor. The balance of the tenancy - a national quick-service brand with more than 14,000 locations and an established specialty pharmacy - consists of service-oriented, internet-resistant uses that draw consistent daily traffic. The Property occupies one of the strongest retail corners in the West 80s, a stretch of Broadway supported by dense, high-income residential demand and steps from the 79th Street 1 train. The offering presents investors with long-term, credit-backed cash flow and an irreplaceable corner location in one of Manhattan’s most established neighborhoods.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Bank, Drug Store, Storefront

TOTAL BUILDING SIZE

8,313 SF

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1912

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.45 AC

LAND SF

19,603 SF

ZONING

C4-6A

APN/PARCEL ID

1229-1208

ASK ABOUT THIS PROPERTY

Robert ShapiroCushman & WakefieldMore Info
212-660-7717

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Robert ShapiroCushman & WakefieldMore Info
212-660-7717

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.